Industry 4.0, a.k.a. the Fourth Industrial Revolution (IR), is a hot topic because most of us are either taking our first steps in this world, or we’re preparing to.
Clearly, earlier industrial revolutions were all about making better use of resources (e.g. burning coal to make steam), people (e.g. workers in factories) and, latterly, electricity and computer-controlled automation. For each revolution, the companies that did well were early adopters of the technology and practices of the day, and they recognised waste when they saw it.